Topics regarding layoffs at USAA

Topics regarding layoffs at USAA

AML/KYC

My boss told us today that management was given instruction to give employees PIPs if performance isn’t met. That sounds to meeee like lay offs are brewing and they’re weeding people out first

Impossible to relax

How can I relax and focus on work when we all know that there will be more big layoffs? If at least we had some any insights when they will happen, how soon?

Post feedback

Is it just me or does it seem that most of the post feedback entries are soooooo vague that i dont even think that management even know what these people are even talking about. People need to remember, ALL of usaa reads it and your name is on it.

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| 1320 views | | 7 replies (last July 1, 2023)
Post ID: @OP+1nmMmyXc

Manager encouraging 4 days in office

Although technically we aren't required to do 4 days in office until January, our manager said it would look better on our Q3/4 and year end reviews if we started logging 4 days in office. It's bad enough I was hired as a full WFH employee but since... — read more 

THE LAST STRAW

So now I read that one of USAA’s third-party centers has exposed member information in a breach and I mean ALL information! I previously moved my major savings account from USAA and canceled my insurance because that was a train wreck but now I’m... — read more 

LONG TERM PLAN

I think if you’ve ever been employed at USAA, then you should realize that what is happening now is that executive management has determined that they can replace all full-time employees with contractors. They don’t have to pay benefits, such as... — read more 

Layoff CONUS Remote Workers

The only remote exception should be for military spouses. Otherwise all CONIUS remote workers need to be laid off that were not remote prior to the pandemic. If my remote exception has been denied, why does someone else get a pass because things... — read more 

The two banks are merging

Wikipedia says “Usury is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate... — read more 

Thank You For Shedding Light on USAA

After leaving the military, I worked in P&C IT for over 20 years. The company sold the P&C LOB to another before I retired. While working in the LOB, management would falsify timesheets by providing excel spreadsheets with project codes and... — read more 

Cancel the Holiday Parties

With the layoffs that have occurred and with at least 2 more massive layoffs upcoming before years end, along with the company posting it’s first ever loss in 100 years, to go along with employee morale dead, there is no point in having the holiday... — read more 

No regrets.

Left about a month ago after 11 years of being there. While I had a ton of reservations about leaving, happy to say zero regrets. I am stress free and making about 12k more, doing about 75% less work. I am valued as a person and still remote. Not... — read more 

Don't mistake presence for performance

To all the companies calling people back to the office full-time: Don't mistake presence for performance. Showing up is not a sign of commitment or contribution. It's an act of compliance. What matters is the value people create, not the place... — read more 

Everyone mostly just milking the company

It wasn't like that before. I remember a time when people really tried to give their best and add value here. What I don't understand is why those in top positions tolerate it, they know that many here are just milking the company, but they are not... — read more 

I am done with these people

"We shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender, and even if, which I do not for a moment believe, this island or a large... — read more 

"Build a strong sense of community as we embrace RTO"

Yeah, that's part of a sentence sent in Amala's email today. First, who is this "we"? And what is your definition of embrace? I'm seeing that embrace as being a hot cattle prod poking you in deez nutzz telling you to get back to the office and love... — read more 

Phony PIPs

What is the best way to contest a phony PIP? Does anyone have successful examples? Are PIPs scrutinized and evaluated by ER before they go live?

Work on yourself

Now is not the time to become complacent. I think everybody and their mother should be aware by now that job security doesn't exist at USAA and it's only a matter of time before we hear about more layoffs that might affect any one of us. Knowing... — read more 

Cut Wayne Some Slack

Has anyone on this website ever walked a mile in Wayne's shoes? Look at what Wayne has had to deal with as the CEO of USAA: CEO tenure starting during worst pandemic in over 100 years $85M fine from the OCC in 2020 $60M fine from the OCC in... — read more 

Influx of PIP’s?

Hearing more and more rumors that there will be an influx of Performance Improvement Plan’s given to low performers (bottom 2X%) during mid-year check ins. Anybody have any insight? Would this allow USAA to get rid of people without paying severance?... — read more 

I wish somebody would buy USAA

After the death spiral we've been in, I think that's the only way to improve things around here. Even if it comes with layoffs and I'm among those who are sent packing, I'll deal. I just want to see the C-suite shown the door as well for ruining a... — read more 

My RTO Exception denied

I am really sad to see that I was hired as a remote and now suddenly became hybrid. I am 45 miles far from office. At this point I dk how I’ll commute daily 90 miles 3 days a week. I shouldn’t have trusted them. Horrible exp.

Prepping for a buyout/merger?

I’ve heard rumors from external sources that these USAA mass layoffs (specifically the Bank) is in prep for some kind of merger or buyout. I know it’s a rumor that’s been around for a while…. Anyone have any info there??

Tired of thinking if I'm next

I'm thinking that maybe it wouldn't be a bad idea to subtly let the manager know that I'd like to be on the list for some of the next layoffs. Some people tell me that it is not the wisest idea. What do you think? I can no longer bear this pressure... — read more 

ECIO - Layoffs

Are there any layoffs on the horizon? I am hearing possibly 1 more reorg within the next 6 months from senior management.

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| 1630 views | | 4 replies (last June 23, 2023)
Post ID: @OP+1nfBgYVG

The company will regret it

It is easy to make a mistake, but it is often very difficult to correct it. Maybe the leadership thinks it will be easy without hard workers who added value here, but I'm afraid that cutting such people is a mistake that will no longer be... — read more 

Layoff in DDI

Layoff confirmed in DDI (part of SDB) in the design org Tuesday afternoon. Employee workforce experiences team - a mix of FTE & contractors were impacted.

Aml?

Heard aml is next in chopping block…who is going first??

I try to stay under the radar

The toxic atmosphere that many here mention is a reality. Backstabbing has become part of everyday life and of course some of us here have become more anxious and tense than ever before… I don't have any special advice on how to deal with so much... — read more 

The way layoffs are done makes no sense whatsoever

There are plenty of employees who would willingly leave if provided with severance. All of them would not mind leaving one bit and would be happy that they are providing somebody else with an opportunity to stay at work. So why don't they offer... — read more 

Dirty Secret At USAA

There are lots of prior service folks at USAA. If you look around at the parking lot when a lot of vehicles are there, you will see plenty of DV plates. Lots of USAA employees are receiving big VA disability checks. I know because I am one of those... — read more 

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| 2930 views | | 8 replies (last June 23, 2023)
Post ID: @OP+1ndzxapc

I wish this wasn't true

I can only speak for the banking/finance aspect of things as my experience hasn't been in insurance but within the finance world, USAA is a joke. It's actually a liability to bring someone over from USAA into a SIB since everything they learned... — read more 

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